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LBC Credit Partners Supports Acquisition of Machinery Services Corp. and Rapid Pump & Meter Services Co.

November 30, 2022, 07:18 AM
Filed Under: Specialty Industries

LBC Credit Partners provided senior secured credit facilities to Hidden Harbor Capital Partners to support the acquisition of Machinery Services Corp. and Rapid Pump & Meter Services Co., Inc. (“MSC&RPM”).

LBC served as Agent and Sole Lead Arranger for the senior secured credit facilities.

MSC&RPM is a leading Northeast facility services provider that focuses on pump, motor, and other repair services for water, wastewater, and other industrial applications. Based in Paterson, New Jersey, MSC&RPM offers comprehensive services to fulfill facility and project requirements for its customers and is fully dedicated to delivering 100% customer satisfaction.

Hidden Harbor manages approximately $700 million of committed capital and brings large-scale, private equity experience and resources to the lower-middle market with a focus on value-oriented, operationally- intensive situations. Hidden Harbor’s principals are investor operators who have both extensive transaction and operating experience. As one team, Hidden Harbor partners and works hand-in-hand with its portfolio companies to drive business success.

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